Think of each item whether it is a book reconciling or a bank reconciling item. 1. The bank statement for August 2014 shows an ending balance of P3,490.
2. On August 31 the bank statement shows charges of P35.00 for the service charge for maintaining the checking account.
3. On August 28 the bank statement shows a return item of P100 plus a related bank fee of P10. The return item is a customer's check that was returned because of insufficient funds.
4. The bank statement shows a charge of P80.00 for check printing on August 20.
5. The bank statement shows that P8 was added to the checking account on August 31 for interest earned by the company during the month of August.
6. The bank statement shows that a note receivable of P1,000 was collected by the bank on August 29 and was deposited into the company's account. On the same day, the bank withdrew P40 from the company's account as a fee for collecting the note receivable.
7. The company's Cash account at the end of August shows a balance of P967. 8. During the month of August the company wrote checks totaling more than P50,000. As of August 31 P3,021 of the checks written in August had not yet cleared the bank and P200 of checks written in June had not yet cleared the bank.
9. The P1,450 of cash received by the company on August 31 was recorded on the company's books as of August 31. However, the P1,450 of cash receipts was deposited at the bank on the morning of September 1.
10. On August 29 the company's Cash account showed cash sales of P145. The bank statement shows the amount deposited was actually P154. The company reviewed the transactions and found that P154 was the correct amount.​